V.I.P.INDUSTRIES LTD.
Long

double bottom pattern VIPIND

98
50 moving average is one of the most commonly used moving average and it acts as a really nice support.
VIP had recently made a golden gross over and is then retraced back to its 50 moving average.
Its has taken a good support at the 50 moving average by baking a double bottom.
I prefer to put a stop little below the support and target for 2:1 ratio of the profit to loss

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.